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- AFCEA Answers
- Ask the CIO
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- The Intersection: Where Technology Meets Transformation
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- Mitigating Insider Threats in Virtual & Cloud Environments
- Modern Mission Critical Series
- Moving to the Cloud. What's the best approach for me
- Navigating Tough Choices in Government Cloud Computing
- The New Generation of Database
- Reimagining the Next Generation of Government
- Satellite Communications: Acquiring SATCOM in Tight Times
- Targeting Advanced Threats: Proven Methods from Detection through Remediation
- Transformative Technology: Desktop Virtualization in Government
- The Truth About IT Opex and Software Defined Networking
- Value of Health IT
- Air Traffic Management Transformation Report
- Cloud First Report
- General Dynamics IT Enterprise Center
- Gov Cloud Minute
- Government in Technology Series
- Homeland Security Cybersecurity Market Report
- National Cybersecurity Awareness Month
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- The Cyber Security Report
- The Next Generation Cyber Security Experts
Shows & Panels
TSP winning streak continues for second month
Tuesday - 7/1/2014, 1:01pm EDT
It's the second month in a row all funds have finished in the black.
The largest gains came in the equity funds. The C Fund, tracked to the performance of the Standard & Poors 500, gained more than 2 percent, while the I Fund, tracked to the performance of an index of international stocks, inched up slightly less than 1 percent. The S Fund, which tracks the performance of smaller companies not included in the S&P 500, was the runaway top performer last month, inching up 4.45 percent.
That's the strongest showing for the S Fund since February.
Overall, the TSP has seen consistent gains over the past few months.
"Investors like what they're hearing coming out of the (Federal Reserve), and the economy is doing well," said Tracey Ray, the board's chief investment officer, last week at the board's monthly meeting.
The F Fund, tracked to a mix of corporate and government-backed bonds, remained in positive territory last month, but gains slowed. In June, the fund was up just 0.14 percent. But that could also be a sign of progress, Ray said. Thanks to the improving economy, interest rates are rising, which could be suppressing some of the gains there.
Thanks to the across-the-board gains in the regular funds, the L Funds — a mix of the regular funds that automatically balances risk as employees near retirement — also saw modest gains in June.
Late last year, the TSP board endorsed a proposal to automatically enroll new federal hires in an age- appropriate L Fund. Currently, new employees are slotted into the lower-risk, lower-reward government- securities G Fund. To become official, the switch requires approval from Congress. House and Senate committees have both OK'ed similar measures allowing the switch. But there's no word yet on when either full chamber would vote on the proposal.
"We are hoping that that continues to move forward," said Kim Weaver, the board's director of external affairs, said at last month's meeting.
|Thrift Savings Plan June 2014 Returns|
|Fund||June||Year-to-Date||Last 12 Months|